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Filecoin recently partnered with Brave Software Inc. and Electric Coin Co. (ECC) to enhance privacy solutions in Web3 projects. The establishment of this collaboration marked a significant step in bolstering Web3 privacy. Filecoin plans to integrate privacy features into Brave’s Web3 wallet and browser, with FIL at the forefront.
Shielded transactions will be introduced, ensuring user privacy. This development has led to a significant rally in FIL’s price. Analysts predict FIL will reach $4.00 by November, indicating a 35.86% price increase. This bullish trend makes the coin a promising choice for short-term investments.
Filecoin Key Levels To Watch: October 17
The market has been in a downtrend since the reversal at $7.600 resistance. The downtrend continued until a major low formed at $2.680 in June 2023. The bulls are currently making efforts to take control of the market as the price consolidates.
Last week, we announced a partnership with Electronic Coin Co. and Filecoin to bring shielded crypto transactions and private messaging to Brave Wallet!
Read more details here: https://t.co/co2QG46onI
— Brave Software (@brave) September 27, 2023
FILUSD is currently in a consolidation phase as it converges within a triangle pattern. According to the Stochastic Oscillator, the price needs to flip bullish due to the oversold condition. A breakout to the upside is therefore likely to ensue.
In other news, Filecoin crashes as Chinese Court rules payment with FIL illegal.
FILUSD Critical Levels
Resistance Levels: $4.940, $6.440, $7.600
Support Levels: $3.300, $2.680, $2.000
Filecoin Metrics
Total Market Capitalization: $1.06T
Filecoin Market Capitalization: $1.47B
Filecoin Volume: $72M
Market Rank: #31
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